Standard Chartered (STAN) Investor presentation summary

Global footprint and business model

• Operates in 55 markets, with cross-border CIB capabilities and a Wealth & Retail Banking franchise focused on affluent clients.

• FY25 reported CIB income was $12.4bn, PBT $5.4bn and ROTE 14.2%; WRB income was $8.7bn, PBT $2.4bn and ROTE 19.4%.

• FY25 income comprised 53% net interest income and 47% non-interest income; Transaction Services contributed 29% of income, Global Markets 18% and Global Banking 11%.

• Customer loans and advances were $315bn at 30 Sep 2026; customer deposits were $558bn, versus $229bn at 31 Dec 2008.

Strategy, resilience and targets

• 2028 targets: ROTE above 15%, income CAGR of 5–7% for 2025–2028 on a constant-currency, ex-notables basis, cost-to-income ratio of 57% ex-notables, and a 30–35bps through-cycle loan-loss rate.

• Targeting high-teens EPS growth through 2028; 2030 ROTE ambition is ~18%.

• Target CET1 ratio is 13–14%; dividend payout ratio above 30% with progressive DPS, alongside capital for business growth and potential buybacks.

• Non-interest income target exceeds 50% of Group income in 2028, up from 47% in 2025; structural hedge balance was $97bn at 30 Jun 2026.

• Risk-weighted assets fell 25% from $342bn in 2014 to $258bn in 2025, while CET1 rose 3.4 percentage points to 14.1%.

Affluent growth

• Affluent generated ~70% of WRB FY25 income; wealth solutions represented 36% of WRB income, with investment products and bancassurance among the key offerings.

• AUM reached $472bn at 30 Sep 2026; AUM grew at an 11% CAGR from 2016 to 9M 2026, with a $1.5bn investment planned over 2025–2029.

• FY25 Asia wealth AUM grew 29% at a 2023–2025 CAGR versus 15% for top Asia peers; net new money averaged 15% of AUM in 2024–2025, twice peers.

• WRB targets $200bn cumulative net new money in 2025–2028, double-digit wealth income CAGR in 2026–2028, and Affluent at 75% of WRB income by 2028, excluding digital banks.

• International Banking serves ~400k international clients, one-third multi-market; multi-market clients generated 2.7x the AUM of domestic single-market clients in 2025.